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GST, TCS, TDS, VAT

This video demonstrates the process of creating party ledgers merely by using GSTIN/UIN. The connected GST experience enables you to save a great deal of time often consumed in creating and altering ledgers. You just need their GSTIN/UIN, and you get all the information – ready to use and authentic, too. With this facility, you also get to know their GST return filing history.

Create multiple ledgers using GSTIN/UINs

This video demonstrates the process of creating multiple ledgers using GSTIN/UINs of the party.
With the connected GST experience, you can fetch the information about a party merely by using the GSTIN/UIN.
And you can do so for multiple parties at once.
All you need to do is either enter the GSTIN/UINs manually or import from an Excel file containing GSTIN/UINs.
You get all the vital information required for ledger creation, such as Name, Address, GSTIN/UIN Status, Registration Type, PAN, and others, in no time.
You can also compare the information on the GST portal and that in the ledger from the Ledger Alteration screen.

Fetch party details using GSTIN/UIN during voucher creation

This video demonstrates the process of fetching party details using their GSTIN/UIN during voucher creation. The connected GST experience enables you to know the details of the party merely using their GSTIN/UIN. You can validate the status of GSTIN/UIN during voucher entry or fill party details using GSTIN/UIN. Thereby, you can create a voucher with all the information required for GST Returns, e-Invoice, and e-Way Bill. Fetching party details using GSTIN/UIN during voucher creation provides you with the real-time information available on the GST portal.

Validate GSTIN/UIN of parties before uploading or filing GSTR-1 from TallyPrime

This video demonstrates the process of validating GSTIN/UIN before uploading GSTR-1 from TallyPrime. At the time of uploading GSTR-1, you need to ensure that the party details are updated, as per that on the GST portal. Once the details are updated, you can also resolve uncertain transactions, as needed. You can then go ahead to upload or file GSTR-1. Moreover, you can validate all the GSTIN/UINs from the Validate GSTIN/UIN report.

Merge companies with different GSTIN/UINs

Validate GSTIN/UIN Online

Validate HSN/SAC info online

GST Reconciliation

Reconcile GSTR-2 transactions

Reconcile GSTR-2A transactions

Reconcile GSTR-2B transactions

Update or Copy Doc No. and Date from the GST Portal to Books to Reconcile GSTR-2A or GSTR-2B

This video demonstrates how to update or copy doc no. and date from the voucher downloaded from the GST portal to the voucher recorded in the Books for GSTR-2A or GSTR-2B Reconciliation in TallyPrime.

When your supplier uses prefix or suffix or both in the invoice, there will be mismatch in the Doc No.

It may be possible that the supplier has used some special characters that you have not used in the voucher recorded in the books.

In a different scenario, you might have not specified the voucher number or there is a data entry error.

As a result, such vouchers will be found in the Available Only in Books section of GSTR-2A or GSTR-2B Reconciliation.

Instead of opening the voucher and making the necessary corrections, you can easily copy the Doc No. and Date from the supplier’s invoice on the GST portal to your voucher in the books.

Consequently, your vouchers get reconciled.

Watch the video to know how to copy doc no. and date from the GST Portal to Books for GSTR-2A or GSTR-2B Reconciliation.

Reconcile purchase vouchers with difference in invoice amount due to TDS or TCS Amount

This video demonstrates the process of ignoring the difference in invoice amount due to TDS or TCS amount in TallyPrime. You might be deducting the TDS amount in your purchase vouchers. In a different scenario, you might be adding additional expenses such as labour, freight, insurance, and other charges during the purchase entry that are not mentioned in the sales invoice issued by the supplier. As a result, such vouchers are considered as Mismatched in the GSTR-2B Reconciliation report. You can configure to ignore the difference in the Invoice Amount. As a result, such vouchers will be automatically reconciled. Watch the video to understand how you can configure the GST registration to ignore the difference in Invoice amount so that the vouchers get automatically reconciled.

Reconcile purchase vouchers while ignoring round off

This video demonstrates the process of reconciling purchase vouchers while ignoring the differences due to round off in TallyPrime. When you apply rounding off in your tax ledgers and your supplier doesn’t, there can be mismatch between the amount in the books and that on the GST portal. It may be possible that your supplier has applied rounding off in a ledger, but you haven’t applied the same. In a different scenario, both the parties might have applied the rounding off, but the method of rounding off is different in the ledgers created by both the parties. For instance, the method of rounding could be upward, downward, or normal rounding. Moreover, even if the method of rounding is the same, the allowed difference in amount can be different. In TallyPrime, you can ignore roundoff difference in Books and Portal values. As a result, the vouchers get reconciled automatically without having the need to manually reconcile them. Watch the video to understand how to reconcile purchase vouchers while ignoring the round off in TallyPrime.

Exclude transactions that are not applicable to you from GSTR-2B reconciliation

This video demonstrates the process of excluding transactions that are not applicable to you from GSTR-2B reconciliation in TallyPrime. Your supplier might have accidentally uploaded transactions recorded for you on the GST portal. Sometimes, the suppliers unknowingly uploads vouchers against your GSTIN/UIN, even if the transactions do not belong to you. In a different scenario, some invoices are rightly uploaded against your GSTIN. However, since the transactions are recorded for expenses such as staff welfare, stationery products, and others, you don’t want to avail the Input Tax Credit (ITC). Such transactions will be under the Available Only on Portal section in the GSTR-2B Reconciliation report. You can easily set the GST Status of the transactions to exclude them from the GSTR-2B reconciliation report. Watch the video to know how you can exclude the transactions that are not applicable to you from the GSTR-2B reconciliation report in TallyPrime.

Export GSTR-2 in old format from the GSTR-2B or GSTR-2A Reconciliation report

GST Reset

Reset GSTN data

GST Return

Upload GSTR-3B returns after exporting MS Excel file from TallyPrime

View GSTR-3B with values as per the Portal data

File GSTR-1

This video demonstrates the process of filing GSTR-1 right from TallyPrime. With the connected GST experience introduced in TallyPrime Release 5.0, filing GSTR-1 has become easier than ever. All you need to do is upload the vouchers and summaries on the portal and select the preferred mode of filing GSTR-1. The GSTR-1 filing happens within seconds. You also have flexibility to set the default mode of filing. Moreover, TallyPrime Release 5.0 takes care of the interruptions during filing too.

Export GSTR-1 and GSTR-3B from TallyPrime

Export GSTR-1 section-wise from TallyPrime

Export separate JSON for each section of GSTR-1 from TallyPrime – IFF for QRMP

Upload vouchers to GSTR-1 under IFF scheme directly from TallyPrime

In this video, we learn about the provisions of IFF scheme of GST. We will look at the steps to upload returns for each month of a quarter without uploading summary sections. And, the upload the summary section at the end of the quarter.

File GSTR 1 using JSON created from Tally.ERP 9

File GSTR-1 after exporting it from TallyPrime

Use GSTR-1

Download GST returns in TallyPrime for reconciliation

This video demonstrates the process of downloading GST returns in TallyPrime for reconciliation. With the connected GST experience in TallyPrime Release 5.0, you can download GST Returns right in TallyPrime. What’s more, you can download all the required return types for any GST registration. You can also choose to make return types as default choices while downloading GST Returns. Changing the Period in TallyPrime has always been easy. However, TallyPrime identifies the Period of the previously downloaded Returns. Accordingly, during the next download activity, the subsequent Period is prefilled. This responsiveness of the product makes your downloading experience easier. Watch the video to know how to download GST Returns right in TallyPrime for reconciliation.

Upload GSTR-1 returns directly from TallyPrime

You can directly connect to the GSTN portal and upload transactions to update your GST returns.

Resolve vouchers rejected by GST portal while uploading from TallyPrime

This video demonstrates the process of resolving the vouchers rejected by the GST portal when you upload them from TallyPrime. TallyPrime Release 5.0 saves you from the cumbersome process of identifying the rejected vouchers on the portal and generating the error report. You can easily identify such vouchers in GSTR-1 and take actions to resolve them. Thereafter, you can upload them right from TallyPrime. The video shows you a couple of relevant examples that will help you learn the process of resolving the rejected vouchers and even summaries, if needed. Watch the video to know how you can resolve the vouchers rejected by the GST portal when when you upload them from TallyPrime.

Refresh vouchers for which upload on GST portal is in progress

This video demonstrates the process of refreshing the GST status of the vouchers for which the upload on GST portal is in progress. For various reasons such as too much traffic on the GST portal due to a lot of activities happening simultaneously or server-related issues, some vouchers can be found in the Upload in Progress section of GSTR-1. In such a case, you can easily refresh the GST status of the vouchers after five minutes or so. TallyPrime Release 5.0 provides you with two ways with which you can refresh the GST status of the vouchers.

Use online upload/download tracker

The Online Upload/Download Tracker is a go to place to avail information about any online activity performed for your GST needs. You might have uploaded or download GST returns. In any case, you can open the Online Upload/Download Tracker for a quick reference. What’s more, in case of errors and failures, you can navigate to the tracker right after performing the activities. And if the upload of vouchers or summaries is in progress, TallyPrime prompts you to navigate to the tracker. Watch the video to know how you can use the Online Upload/Download Tracker so that the information related to online activities performed for your GST needs is at your fingertips.

Use track GST return activities report

Upload Vouchers of GSTR-3B

The connected GST experience introduced in TallyPrime Release 5.0 enables you to upload the GST Returns right from TallyPrime.
With the button under the Exchange of the top menu, TallyPrime connects you with the GST portal so that you can upload GSTR-3B in seconds.
There is no need to open the GST portal.
You can complete the entire process of uploading GSTR-3B and GSTR-1 and CMP-08 right from TallyPrime.
The entire process is hassle-free, simple, and secure.
This video provides a quick demonstration of the simple and secure way to upload GSTR-3B from TallyPrime.

Upload Vouchers of CMP-08

The connected GST experience introduced in TallyPrime Release 5.0 enables you to upload the GST Returns right from TallyPrime.
With the button under the Exchange of the top menu, TallyPrime connects you with the GST portal so that you can upload CMP-08 in seconds.
There is no need to open the GST portal.
You can complete the entire process of uploading GSTR-3B and GSTR-1 and CMP-08 right from TallyPrime.
The entire process is hassle-free, simple, and secure.
This video provides a quick demonstration of the simple and secure way to upload CMP-08 from TallyPrime.

View CMP-08 and GSTR-4

Enable API access for connected GST

Learn the steps to enable API access for your login on the GSTN portal to allow direct upload of returns from any software.

Remove Vouchers Marked for Deletion on the Portal in GSTR-1

GST Trans

Record a sales invoice for stock items having different GST rates

Record GST Adv receipt & adjust the amount in sales invoice

Record GST advance receipts and adjust advance amount in sales invoice

Record GST purchase with TCS

Record GST sale of goods with TCS

MSME

Specify MSME registration details for the Company

Update UDYAM registration details and view pending bills of MSME parties

Get the list of disallowed MSME bills for 43B(h) of Income Tax Act using TallyPrime

View MSME Form 1 Statement

TCS

Enable TCS

Set up TCS masters

Record transactions with TCS

Record advance receipts and sales transactions with TCS

Generate TCS reports and returns

Make changes in TDS/TCS e-Return files exported from TallyPrime for FVU tool 8.2

TDS

Record TDS Under Section 194Q on Purchase

This video demonstrates the process of managing TDS deductions on purchases under Section 194Q in TallyPrime Release 5.0.
At the time of creating a TDS Nature of Payment, you can enter the threshold limit and configure to deduct TDS as per the limit.
Whether you’re a business owner or an accounting professional, mastering these techniques will streamline your TDS processes.
Watch the video to automate your TDS transactions under Section 194Q in TallyPrime.

Exempt TDS Under Section 194Q in TallyPrime

This video demonstrates the exemption of TDS under Section 194Q in TallyPrime Release 5.0.
Under the TDS Section 194Q, entities like the Government, e-commerce operators, Sellers charging TCS, and NRIs are exempted from TDS deduction.
While creating the party master, you can configure it with the exemption to not deduct TDS. Whether you’re a business owner or an accounting professional, mastering these techniques will streamline your TDS processes.
Watch the video to automate your TDS transactions under Section 194Q in TallyPrime.

Update Nature of Payment in Form 26Q

This video demonstrates the process of updating the Natures of Payment for transactions directly from Form 26Q.

Whether you’re a business owner or an accounting professional, mastering these techniques will streamline your TDS processes.

Watch the video to automate your TDS transactions under Section 194Q in TallyPrime.

GST Reports

Know Input Tax Credit (ITC) at risk in Bills Payable

This video demonstrates the process of knowing the Input Tax Credit or ITC at risk in the Bills Payable report in TallyPrime. You might be paying your vendors without verifying if the supplier has reported on the GST portal. Isn’t it a hassle to identify and follow up with vendors for small tax amounts to be uploaded even after having paid them the full amount? The Bills Payable report bridges the gap, as you get to know the ITC at risk, and therefore, you can take a business decision. The Bills Payable report can be configured to know the GST Status, based on the voucher uploaded by the buyer.

Settle bills using ledger outstanding considering ITC at Risk

This video demonstrates the process to settle bills using the Ledger Outstandings – GST report in TallyPrime. Gone are the days when you would be paying your vendors without verifying if the supplier has reported on the GST portal. Ledger Outstandings – GST provide you with the necessary information about the ITC at risk against the bills recorded for a supplier. Once you know the potential Input Tax Credit that is at risk, you can take data-driven decision before you settle the bill.

Know Input Tax Credit (ITC) at risk for vouchers using ledger vouchers

This video demonstrates the process of using Ledger Vouchers and Ledger Vouchers – GST reports to know the ITC at risk. You can now view the GST status of vouchers along with the difference in the Amount. When you don’t maintain ledgers bill-wise, you can refer to the report to know the ITC at risk for each voucher. This helps you take a data-driven decision at the time of making the payment to a party.

Know the tax liability at risk in bills receivable report

This video demonstrates the process of knowing tax liability at risk in the Bills Receivable – GST report in TallyPrime. In your business, you might miss to report one or more invoices in your GSTR-1. This affects the Input Tax Credit (ITC) of the buyer due to which there might be delay in the outstandings receivable. With this report, you can identify such risks and correct your books. It helps also to seek payments from buyers where bills are reconciled. Moreover, you can resolve claims by the buyer of missing vouchers. Moreover, it will help buyer to claim the ITC if you report the appropriate amount on the GST portal and reconcile the books. The Bills Receivable report gives the facility to understand the source of difference in amount, as you can go to the GST portal view of the uploaded invoice. Moreover, with the GST Info, you can also understand how the difference in tax amount is calculated in TallyPrime. This helps you take the necessary actions. Watch the video to know how to know tax liability at risk in the Bills Receivable – GST report in TallyPrime.

Identify the ITC to be reversed in bills payable

This video demonstrates the process of identifying the Input Tax Credit or ITC to be reversed in the Bills Payable – GST report in TallyPrime. There may be instances in which you have already claimed the ITC, but you have not paid the invoice amount to the supplier within 180 days. If the bill is pending and has aged more than 180 days, then you will need to reverse the ITC amount. Watch the video to know how to view the Bills Payable report so that you know the bills have aged more than 180 days and the corresponding ITC to be reversed.

Export GSTR-2 in old format from the GSTR-2B or GSTR-2A Reconciliation report

View GSTR-3B with values as per the Portal data

Exempt TDS Under Section 194Q in TallyPrime

Update Nature of Payment in Form 26Q

View GSTR-3B with a breakup of ITC from the current and other periods

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